Qatar Islamic Bank to raise QR3.5bn for European investments

Qatari Diar Real Estate Investment Company (Qatari Diar), the leading Qatari real estate developer and investment firm, has appointed Qatar Islamic Bank (QIB), the leading Islamic bank in Qatar, as Initial Mandated Lead Arranger and Bookrunner to raise a five year QR3.5bn Sharia’-compliant syndicated facility to finance European investments.

This is the first time that a local Qatari bank has been appointed as the sole MLA and Bookrunner for such a high-profile transaction. The Islamic facility will be subject to the final regulatory approvals.